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Feb 5, 2013 3:00pm EST
trouble getting things down these days. now the s.e.c. is literally being handcuffed, really, by what it can and cannot do because of conflicts of interest. i'm picturing the entire s.e.c., why that's undermining enforcement and maybe going to cost you some money next. we'll look at that very important. >> and will dow component dissly fuel the legs of this rally? that news after the bell and ceo bob iger is here live and breaking down the numbers live in a first on cnbc interview. that's today live at 4:20 p.m. eastern. but we can still help you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard and i helped create the fidelity guided portfolio summary. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >>> conflicts of interest are already handcuffing s.e.c. commissioners from ruling on many cases, and president obama's nomi
Feb 22, 2013 6:00pm EST
... ralph sot7- 14 sec 01:44:37;07-01:44:52;02 la mayoria de las personas, los ninos que huyen de la casa regresan..pero hay muchisimos que huyen de la casa y que en un par de horas podrian enfrentarse con un maleante... maleante que ya tiene preparada su estrategia...y la empieza a implementar en la calle, en centros comerciales ,...practicamente en cualquier lugar... ralph sot2- 6 sec 01:41:10;01-01:41:16;13 les prometen una mejor vida..les empiezan a comprar cosas materiales, ropa, joyas teresa sot2- 12 sec vienen y les hablan bonito y las enamoran..les dicen nosotros te vamos a ayudar, te vamos a proveer todo lo que tu necesitas...sobre todo porque les ofrecen amor supuestamente ralph sot3- 31 sec (cover with broll starting @ necesito que trabajes en la calle....) y despues vienen cuando les presentan las drogas . .empiezan a darles drogas poco a poco hasta que son adictos...empiezan a hablar con ellas o con ellos como si fueran sus novias..que se van a casar, empiezan a hablar con las jovencitas...tenemos problemas financieros, necesito que trabajes en la calle unas noches a la seman
FOX Business
Feb 18, 2013 4:00pm EST
play before that $23 billion heinz deal? you saw the story break right here. the sec is alleging insider trading, octaning an emergency order to freeze assets in a swiss trading account. coming up former sec chairman harvey pitt live and telling us what could have triggered this quick action and what the next step will be. david: oscar ballots, they have to be turned in by tomorrow, so the envelopes are ready for the big event on sunday. we are going to the movies with the best of the best. coming up our hollywood friend, mandalay ceo, peter gruber on the value of an oscar keeping viewers interested in the show. we'll ask him for his picks. the executive producer from escape from planet earth will be here. this is the only kid's firm playing right now. he will take us inside the big money world of entertaining the little ones. liz: but first, stocks did push higher last year and last week. certainly hitting five-year highs during the height of the fourth quarter earnings season as the s&p posted its longest weekly winning streak in more than two years. david: the question is, wil
Feb 22, 2013 3:00pm EST
-packard's better than expected earnings. the former s.e.c. chairman harvey pitt will join us later on the "closing bell." stay with us. uh, i'm in a timeout because apparently riding the dog like it's a small horse is frowned upon in this establishment! luckily though, ya know, i conceal this bad boy underneath my blanket just so i can get on e-trade. check my investment portfolio, research stocks... wait, why are you taking... oh, i see...solitary. just a man and his thoughts. and a smartphone... with an e-trade app. ♪ nobody knows... [ male announcer ] e-trade. investing unleashed. [ male announcer ] e-trade. how do you keep an older car running like new? you ask a ford customer. when they tell you that you need your oil changed you got to bring it in. if your tires need to be rotated, you have to get that done as well. jackie, tell me why somebody should bring they're car here to the ford dealership for service instead of any one of those other places out there. they are going to take care of my car because this is where it came from. price is right no problem, they make you feel like you're
FOX Business
Feb 20, 2013 5:00pm EST
in may want to hold off. we'll tell you why the sec is making it dangerous ground for investors. yep, the sec. "piles of money" straight ahead. snow ♪ ♪ looking at covered call segies to generate income? with fidelity's new options platform we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity option.. evalua them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. to grow, we have to boost our social media visibility. more "likes." more tweets. so, beginning today, my son brock and his whole team will be our new senior social media strategists. any questions? since we make radiator valves wouldn't it be better if we just let fedex help us to expand to new markets? hmm gotta admit that's better than a few "likes." i don't have the door code. who's that? he won a c
FOX Business
Feb 21, 2013 12:00am EST
products but investors trying to jump in may want to hold off. we'll tell you why the sec is making it dangerous ground for investors. yep, the sec. "piles of money" straight ahead. snow ♪ adam: well, we may soon call colorado the mile high state. a task force agreed yesterday that under amendment 64 tourists should have the same rights as state residents. those tourists should go from hitting the slopes to hitting the bong. not everybody is keen on letting tourists toke up. marijuana means big money for colorado. up to $60 million in taxes alone. that is what they proproject it will raise. they could use the revenue for schools and education. we have the coauthor of bill alcol -- colorado.nsible did we get that right? are they marketing colorado as a hey, come visit and get my? >> coloradans made the decision to tax marijuana and regulate it like alcohol. we'll treat folks that visit our state. we have a vibrant tourist industry any way like we treat coloradans. if you're 21 years old and purchase marijuana from regulated storefront and pay tax money to help our state looks like
FOX Business
Feb 6, 2013 4:00pm EST
, former sec chairman harvey pitt telling us whether our concerns our government to bcould be using the agencies as political weapons. liz: the man who has led his fair share of american turnaround, ed whitaker, chairman and ceo of general motors and ran at&t will be here in the studio. talk about gm where he believes it is going to go. david: the first of the earnings report in just now. green mountain reported, what are the numbers? adam: $0.76 earnings per share, street expecting $0.65 on revenue of 1.34 billion. the street expecting 1.33 billion. they say the single cup brewing system is a breakthrough for the brokerage business with significant untapped potential in the u.s. and globally. he didn't report for how many of those units they sold in the last quarter. lizdavid: there are all kinds of indices which may explain why it is down slightly after hours. let's go to today's market action at the picks of the cme. our market panel in just a second. chief investment officer. but let's go to mark sebastian and put up those after our numbers if we can because we had a beat on gre
Feb 16, 2013 7:00am EST
the international organization security commission, but we are working actively, the cftc and the sec with regulators around the globe who are in the process of writing the same rules. they are in somewhat different stages, some are still at the legislative stage, some are just entering the rule writing stage but we all acknowledge the importance of making sure the business can take place across national boundaries and that we remove unnecessary barricades. we want no incompatibility or conflict but we want to look at ways the we can make our rules more confidence. we are both looking at techniques such as what we call substituted compliance where you can have an entity registered in the united states, and obligations complying with its own country laws. we think this will ease the burden and we are looking at this carefully. >> any comments? >> we are in better shape than we were two years ago, and the european union has a lot, canada and japan, four very significant jurisdictions between which we probably had 85% or 90% of the worldwide swaps market place. we are ahead of them in th
Feb 24, 2013 11:15pm EST
tech, 82-54 to improve to 9-5 in sec play. >>> staying in the sec, virginia tech losers of nine in a row hosting florida state today. first half, jumping around, barksdale. rejected in the lane. out to green who sinks his only 3-pointer of the game. led by 2 at the half. second half, florida state rallies. the jam. seminoles cut the deficit to 4. next possession, green drives, pump fake and foul. game high 26 points. virginia tech wins 80-70 for its first win since january 19th. >>> women's hoops, maryland looking to avenge a loss to duke on february 11th. second half, maryland trailed by 17. then they come back. shock clock winding down. thomas, nice to hawkins. terrapins slice the deficit down to 8. two plus minutes left. duke up 11. jones knocks in the 3. she had 15. maryland falls to duke, 75-59. it gives the blue devils the acc regular season title. >>> golf, hunter mayhan. after an off line tee shot, makes amends big way there. he defeats holter. faces kutcher, who defeated day in the other semi-finals. using the wedge on the 6 hole with a tail wind. he's staring it down b
Feb 15, 2013 1:00pm EST
and employees. so where in the world is the sec in all of this? at what point -- somebody has to stand up and say, you've got two guys talking books publicly out there. when does this become stock manipulation, right? >> look, i know that herb greenburg may have a greater opinion or more poignant opinion perhaps or thought than i may on that. because herb, i know you've been thinking about that kind of issue. we talked about it at times. it is really interesting question when you have guys so public on the long or short side. and other areas of the way this is all done. some of it becomes a moral discussion more than a legal one. >> it was interesting on the past interview. so add madamantly. and so the question is, when you have, if it indeed is an orchestrated short squeeze, we will get that guy. when is it a legal manipulation. >> and the manipulation is the individual shareholders in this stock who may decide, you know what, my position is threatened by these two huge egos on wall street, so your point. and i think that's when government officials have to come in and take a look that.
Feb 7, 2013 4:00am PST
for the rating. but over time, that evolved into the issuer paying a fee to secure a rating." in 1975, the sec designated the top firms "nationally- recognized," a requirment for investment in some cases, leaving standard and poor's, moody's and fitch to control 96% of the market. then, the rating agencies became consultants to wall street, coaching how to get the best ratings, then evaluating them. "it's definitely a broken system. it's full of conflicts of interest to consult and then pretend to be objective raters of what they'd constructed." dodd-frank reforms are beginning to address these conflicts, but they cannot undo the harm inflicted on families with money in pension plans, regional banks and credit unions that bought riskier-than- presented investments that failed. "all of the ratings services, everyone relies on these. if they can't trust the data, they're making bad decisions for hundreds of thousands of investors." a key to the government's case is the claim that there was an ongoing debate within s&p over whether to upgrade computer programs which prosecutors say would have led
Feb 19, 2013 4:00am PST
's financial performance." the sec is suing traders over suspected insider trading in the heinz deal. last week, warren buffett's berkshire hathaway and 3g capital bought heinz for $23 billion. shares of heinz shot up 20% on the news. the new york times reports the sec is probing insider trading and the possiblity traders bought options and allegedly made $1.7 million on the move. the sec is freezing accounts in switzerland. the report also notes 3g has previously been involved in insider trading cases, including the takeover of burger king. the company had no response to the times' report. xoom lived up to its name in its first public day of trading. xoom opened at 21 dollars and soared 40% as investors hopped on the latest developments in cash-transfer technology. the ipo priced at 16 dollars a share, above the expected 13- to 15-dollar range. xoom trades under its name, ticker symbol "x-o-o-m," on the nasdaq. the chips are down for donald trump's atlantic city casino. trump plaza was recently sold to a california company for $20 million. it's the lowest price ever paid for a casino in the je
Feb 20, 2013 5:30pm PST
following the investigation. anthony?tigation >> reporter: scott, we've learned the s.e.c. is lookingtt into a number of tradesking i surrounding the heinz sale, but one trade in particular investigators are calling "highly suspicious." the day before the takeover of heinz was announced, an unknown investor bought more than 250,000 options, granting the right to buy heinz stock at $65 a share through when the deal was unveiled, the stock jumped to $72 a share, and2 that $90,000 investment madevestment from a swiss-based account soared in value to more than $1.8 million. >> this was substantial trading in a very large block by an account that the s.e.c. alleges had never traded heinz >> reporter: michael mann, achael former s.e.c. attorney, says the commission was right to file an emergency action to freeze the account. >> as a result, if the person whose account this was wants their profits, they're going to t need to come here to get them or otherwise to defend the case if that freeze is ever going to be lifted. >> reporter: the s.e.c. has beenr: the cracking down on
Feb 10, 2013 4:30am PST
less exciting because you still can't do it. the s.e.c. was supposed to come up with regulations to put this provision into effect by the end of last year. they missed their deadline and we still don't know exactly when they'll be done. sherwood nooes is the co-founder of crowd fund capital advisors that advises businesses, private equity groups and more about the ins and outs of crowd funding and eric and julie are back with us. great to see you, sherwood. >> great to see you, j.j. thanks for having me. >> a deadline has been missed, other deadlines have been missed. does it seem like this will be done by the end of 2013? >> well, we're hopeful that it will be done by the end of 2013. mary shah peer ro was never quite a fan of the jobs act or crowd funding in particular, and now that we have a new commissioner coming in, we think that it's going to cause a little bit of a delay. we know that the proposed rules are there so our goal assen industry -- as an industry is to show up in washington, d.c., meet with mary joe white and help her get these goals out for public comment. >> do you
Feb 16, 2013 2:30am PST
exciting because you still can't do it. the s.e.c. was supposed to come up with a regulation to put it in place by the end of last year. they missed their deadline and we still don't know when it would be done. more about the ins and outs of crowd funding and eric and julie are back now with us. great to see you, sherwood. >> great to see you, j.j. thanks for having me. >> given us a lay of the land. the deadline has been missed. other deadlines have been missed. does it seem like this this will will done by the ended of 2013? >> well, we're hopeful. now that we have a new commissioner coming in, we think it's going to cause a bit of a delay. our goal as an center is to show up and help get these rules out for public comment. >> do you have any sense of timing on this? >> well, it really depends on when she's confirmed by the senate. so we need to wait to see when the senate takes that up and we need to get in washington and make sure. >> is there a deadline? could this go on for five years? >> that's a good point. the s.e.c. has a reputation for missing deadlines. they've worked re
Feb 17, 2013 6:30pm PST
the s.e.c., the securities and exchange commission -- the very agency that regulates her clients and everyone else doing business in the stock market. but as they say on late night tv, wait, there's more. join us for our latest episode of "as the door revolves" in which the door spins ever faster between the s.e.c. and big business. according to a major new report from the nonpartisan watchdog pogo, the project on government oversight, hundreds of the agency's former employees have done or are doing business with the s.e.c. on behalf of the corporations the agency is supposed to regulate. imagine, hundreds with an intimate knowledge of how the place works advocating for their clients with friends at the s.e.c., colleagues who themselves may be looking for a big payoff when they, too, leave government. no wonder the s.e.c. has granted special waivers to business on some 350 occasions that according to the report, "softened the blow of enforcement actions." the plot thickens. pogo also reports that when obama's first s.e.c. chair, mary schapiro, pushed for reform of the money marke
Feb 15, 2013 9:00am EST
fell 4% versus the previous year. al also, reports coming out of the sec showing hedge fund managers cut their positions in gold etfs. a continued fall could send prices to 15.75 an ounce. that's what traders are looking at and they're going to be watching the meetings over the weekend to see if there's anything about currency wars that impacts the gold market. keep your eye on oil prices. as well because heavy technical selling there as brent crude has broken below $116.80 an ounce and for wfi future, we're holding above $95 a barrel, but still down about $2. that is going to be a key level in a line in the sand there for oil prices, simon, and a dip below there traders are saying, look for 90 bucks. >> so, as far as gold is concerned, down over 3% for the week? >> yes, we are down. we're seeing one of the biggest weekly drops we've seen since probably june. >> sharon, thank you very much. the view there from the nymex. let' bring in frank holmes at u.s. global investors. frank, what do you think about gold now? >> well, i think that gold should always be a 5% weighing and gold stoc
Feb 6, 2013 4:30am PST
and s.e.c. dealing with extremely important legal issues surrounding last year's facebook ipo. for details on that and the rest of the news let's go to bertha coombs live at cnbc world headquarters. good morning. >> good morning. i hope there is nojar-jar binks. the markets rebounding nicely recovering from the day's losses. the nasdaq had its second best day of the year so far. we don't have major economic news. we are getting earnings from time warner, waiting on visa at news corp. the dow rising to 13,979. the nasdaq added 40 to 4171. the nasdaq reportedly in settlement talks with the s.e.c. over the botched facebook ipo last year. the wall street journal said a deal would likely include a $5 million fine or 1% of what market makers and brokers say they lost pause of technical glitches during facebook's ipo lost may. nasdaq offered to pay firms $62 million. but they think they lost $500 million there. they are not ready to take that offer. breaking news. the post office is reportedly cutting saturday delivery of things like magazines and letters. they will continue to deliv
Feb 7, 2013 11:00pm PST
back, down by 5,:26 secs left justin cobbs - knocks down the 3-pointer to cut the defecit to 2 points cobbs: 13 points cal with the ball, down by 2 allen crabbe - a chance to tie it but he turns the ball over and that's it mike montgomery looks on cal loses 66-62 bears: 13-9, sundevils: 18-5, #1 indiana at illinois students going nuts in champaign, illinois as the fighting illini come back from a 14 point defecit with 12 mins to go tied at 72,:08 left d.j. richardson steals the ball from victor oladipo - but olidipo chases him down and swats the potential game winner out of bound with less than a second to go 0.9 secs left, tied 72-all tyler griffey - somehow gets wide open under the basket and puts in the uncontested layup for the game winner illini upset #1 indiana 74- 72 fans storm the court it's the 5th straight week the number one team has lost in college basketball at&t round 1 aireal view of pebble beach bill murray with the muttonchops signing a woman's forehead murrayhe knows the course well makes the nice approach shot that catches the slope and heads downhill stopping about
Feb 21, 2013 4:30am EST
failing. if that happens they could be flying by april. the s.e.c. and fbi are looking into possible insider trading around the sale of heinz ketchup. the day before they bought it, an investor bought 350 stock options. the s.e.c. said they used a swiss-based account with goldman sachs. in one-day that $90,000 investment soared to $1.8 billion. >>> "the new york times" is finally getting around to selling the "boston globe." the company made the announcement yesterday. analysts had expected the sale for years and will allow the times to focus on its core brand and expand its digital platform. it's e estimated the globe could be sold for as much as $175 million. >>> and sony is betting its video gaming future on the play station 4. the company unveiled the new device yesterday, only they didn't actually show it or say how much it will coast. sony said it will be the most personalized gaming experience on the market. the ps 4 should be in stores by the holidays, anne-marie. >> looks like it's a guessing game is what they're playing. thanks very much. ines ferre
Feb 21, 2013 6:00pm EST
personas que tenian contacto con ella, no la ayudaran... debbie sot 13- 7 sec 01:01:02;04-01:01:09;14 una maestra si me dijo que ella sabia que algo me estaba pasando pero que ella no podia hacer nada si yo no decia nada ademas, debbie pensaba que no le iban a creer...por el contrario...sentia que la iban a seÑalar... debbie sot 17-19 sec 01:03:13;07-01:03:33;03 si tu dices que no quieres, tu no eres la que esta agarrando el dinero tu no eres prostituta y si esta pasando mucho esto de human trafficking y muchos no hablan. *viz jeff saldivar como fue el caso de debbie.. durante casi 30 aÑos callo el calvario que vivio... ahora, libre de prostitucion y drogas ha decidido hablar publicament e ... debbie sot ...mario desafortunadamente historias como la que acabamos de ver se repiten con frecuencia... .....manana veremos que estado de la nacion americana es donde mas se reportan estos casos.. antes de unos mensajes... el socio con el adelanto de la informacion deportiva.. buenas tardes mario y maria rosa, a menos de un mes para que llegue la temporada de primavera el invierno se resiste a p
FOX Business
Feb 19, 2013 4:00pm EST
week the news about the sec investigation into trading for heinz. heinz stock of course right before, the day before the announcement was made by berkshire hathaway that they were going to try to acquire heinz, some very mysterious trading leading to 1.7 million dollars in profits, leading to the sec investigation. now, the fbi is involved. they have launched a criminal inquiry into these, this options trading business. they are consulting now with the sec to determine if a crime was committed, perhaps a postal crime, seeing how some of those postal agencies may have been used in transferring of the money. we'll give you all the updated information. the fbi has launched an investigation into the heinz trading situation. >>> meanwhile health care providers are taking a big hit today after a proposal to change medicare rates turned out to be a lot lower than anybody expected. will the proposed rates stick and will health care stocks continue to go into the dumps as a result? we'll head to the sec with the latest. to grow, we have to boost our social media visibility. more "likes." more
FOX Business
Feb 21, 2013 3:00pm EST
there. people propose something and the sec has to decide whether or not to put it out there. it is not a blog yet. this is what is at least being weighed by the commission. the advocacy groups are pushing. thhy are getting very active in those proxy fights and in the sort of politics around what wall street in the corporations have to disclose. it involves whether or not these companies have to disclose how much money they have given to trade organizations. why do the unions care about this? guess what, the u.s. chamber opposes a lot of their political agenda. obamacare was very much lobbied by big labor and by the obama administration. what they have done is they have bombarded the sec with comment letters on this issue. what we understand is ttat the sec in april will be making some determination on where they go with this. it will be the first big regulatory issue that mary jo white, she probably will be confirmed, the question is, does she go for this? this is a huge issue for corporate america. listen, corporations make a lot of disclosures. you give money to aipac, you
Feb 9, 2013 6:00pm EST
hosting third- ranked michigan, two secs to go. the badgers down three. the inbounds and let them fly from inside the half-court and that is good at the buzzer. and leaps into a mosh pit and his heroics forcing overtime and tied at 60n.o.t., how about more from him. the shorter 3 and the same results, wisconsin takes the lead by 3 and with less than 40 secs to go and final secs, michigan with a chance to tie. the three and in and out. the badgers get the rebound, time expires. wisconsin takes down number three michigan, 65-62 and in overtime. and the nl east champion nationals are about to open up spring training. pitchers and catchers report on tuesday and report on friday. the first fall full squad workout is planned for next saturday. scott smith will be live from viera beginning next friday. meanwhile, the nats pitcher geo gonzalez accepted an invitation to pitch for team usa in the world baseball classic in march. and the nats loan representative to play for the u.s. team. the outfielder will play for the netherlands. both will miss a few weeks of spring training and reports to viera,
Feb 9, 2013 11:15pm EST
after a three-game suspension and dukes it ouand with that upper hand. sec period, the caps up 1-0 and with that perfect pass. the shot to the former caps goalie and brower with two goals on the night. and later in the second period, some good work. the fifth of the year, 3-0, capitals and they're going to soak that in and with that third period with the faceoff and that is the forth of the year and earns the fourth career shutout as the caps blank the panthers 5-0. >> and were talking, you know, and kind of both and that is great for braden, he made the big save early for us and what we needed and didn't get much and scored some goals. >> and that is about momentum. >>> the nationals have unfinished business and their preps will begin next week. the pitchers and catchers report to florida on tuesday and the first full squad workout is next saturday and some positive news. geo gonzalez accepted to pitch in team usa and is that lone representative to play and will miss a few weeks of spring training and having to report with the team on march 3rd. >>> coming up, the hoyas separate
Feb 15, 2013 5:00pm EST
. from td ameritrade. >>> welcome back. i'm kate kelly with breaking news. the s.e.c. froze assets in a goldman sachs account after spotting options behavior ahead of the heinz deal it considered suspicious. in a complaint against unknown traders in new york federal court the s.e.c. charges that one or more people with a single account purchased about 25 # 00 heinz june calls with a $65 strike price the day before the deal causing call volume to surge to more than four times its normal level that day. after the $72.50 per share heinz buyout was announced the stock, of course, surged creating an estimated $1.8 million profit for those trader. the s.e.c. moved fast on this one for fear the assets might be removed. in that sense it's similar to a case settled last fall with a hong kong investment firm over charges with insider trading. the agency is trying to get tougher on insider trading here and abroad. when there is a risk of flight for the money they have to move fast. >> they do. kate, thanks for that. more classic carl on cnbc today when he called into the halftime report and r
Feb 19, 2013 12:00pm CST
the s-e-c is investigating last week's heinz acquisition. they allege insider trading. and later in lunchbreak the chef from harry caray's is here. we're making aged veal chop! the case involves 75 role to vernon bowman. he found a way to protect his soybeans from weed killers. a hearing poses the question on whether the actions violated the patent rights. the company develops soybeans and other seeds that survive when farmers spray their fields with weed killer. >> of the sec is looking at what is being called suspicious trades of high stock. just days before warren buffett announced the takeover. the sec is taking a look at the timing of the size of those trades. they earned $1.7 million when they bought the stock just before the announcement was made. marcus store and macy's heading to court today. macy's is suing mark the start to get them to cut ties with j.c. penney where they also sell products. macy's claiming that they have an exclusive right to sell our products. her products. speaking of which printers staplers, paper clips are their business. a merger of naperville o
Feb 15, 2013 3:00pm EST
else want to tell meet last time you took a wall street bank to trial? >> now the s.e.c. chair echoed the views of fellow regulators that trials are costly and time-consuming and settlements can achieve their goals, but senator warren wasn't buying it. >> there are district attorneys and u.s. attorneys who are out there every day squeezing ordinary citizens on sometimes very thin ground and taking them to trial in order to take an example, as they put it. i'm really concerned that too big to fail has become too big for trial. that just seems wrong to me. >> now republicans on the committee held back from what had been expected to be criticism of too many dodd/frank rules and the power of the new consumer financial protection bureau, an agency ironically warren herself might have head federal not for republican opposition. maria? >> in many ways our next guests -- thanks, half. on. . >> barney frank is the co-author of the dodd/frank banking bill and joins us now in a cnbc exclusive exclusive. what do you think of her debut on the banking committee? >> i think it's expected. there is o
Feb 15, 2013 4:00pm EST
? >> reporter: maria, breaking news as you mentioned on the deal that made major headlines this week. the s.e.c., according to reuters, has filed suit consequence quote, unquote, certain unknown traders in h.j. heinz & company in regards to their call options, not active onnage average day, 820 contracts per day and monday and tuesday's volume, while being weak, spiked wednesday to about 3,400 contracts. this is before the deal was announced though. news of the deal came out valentine's day morning, yesterday, and, of course, the stock spiked on that news and the call options, depending on what the strike price was, may have been well into the money. a massive upsurge in volume on the day before and presumably the s.e.c., maria, is trying to figure out who was behind that. they have filed a suit of that nature. >> all right, kate. thank you so much. kate kelly. just as the individual investor is coming off of the sidelines could stories like this send them running for cover once again? what does the retail investor need to know. joining me is mart martiac, and derrick kinny. good to see you guy
Feb 19, 2013 10:00am PST
economy just at the mere threat that at the end of the year we would have sec west rags. this was an idea put in place that would be so bad that everyone would do all that they could to avert it and it looks now like it won't be averted. >> and, of course, your successor, jay carney, was asked about access from the white house and transparency. politico wrote about behind the curtain and quoted ann compton from abc who has covered every white house since gerald ford's saying this is the least transparent. it doesn't matter how many interviews are done, but that the white house reporters do not get to question with -- they don't get to hear information about policy decisions in process that are about to be made on immigration, on guns. >> it takes everybody to lift the veil a bit, as much as is possible on the backgrounding of how one does policy. there will always be tension between the president and the press corps regardless of who that is. in terms of transpirn si, look, i have sat in that office for two years and helped make the decision to -- for one thing had on transparency, let's
Feb 16, 2013 6:00am EST
foreign regulators that the guidance is confusing, expansive, and harmful. meanwhile, the s.e.c. has not yet issued its cross border proposal. there is bipartisan concern that some of the dodd/frank rules go too far and need to be fixed. a good starting point would be to fulfill congressional intent by providing an explicit exemption from the margin requirements from nonfinancial end users that qualify for the clearing exemption. similar language to this passed the house last year by a vote of 370-24. the federal reserve chairman bernanke has confirmed that regardless of congressional intent, the banking regulators view the plain language of the statute as requiring them to impose some kind of margin requirement on nonfinancial end users unless congress changes the statute. unless congress acts new regulations will make it more expensive for farmers, manufacturers, energy producers, and many small business owners across the country to manage their unique business risks associated with their day-to-day operations. an end user fix is just one example of the kind of bipartisan actions t
FOX Business
Feb 21, 2013 1:00pm EST
.s. chamber of commerce, this is getting pretty scary. in april the sec, the securities & exchange commission is set to decide on a new rule that forces corporations to go even further to disclose their contributions. what this essentially is going to do, any contribution that a corporation, dell, jpmorgan, you name it, makes to a outside group, a trade group, like the u.s. chamber, will have to be disclosed in a really specific way. how did this come about? well the sec has been bombarded with comment letters from advocacy groups calling for these additional disclosures and here's a wild number that i never heard before, i think it is a record. the sec has received close to 500,000 letters in favor of this increased exposure. these letters have largely come, here is the kicker, from advocacy groups. who are the advocacy groups? left-of-center advocacy groups with close ties to the white house, places like afscme and other union organizations. here is what the bottom line is, guys, we'll be reporting more on this today. you saw yesterday, afscme, the american federation of state and county mu
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